Electric Black Cabs – CamTrak – Accident Camera

Electric Black Cabs – CamTrak – Accident Camera

Transport for London (TfL) is spending £18 million on upgrading the capital’s power grids to charge the first generation of battery-powered black cabs.

As of the 1st January 2017, all new black cabs will have to be battery-powered electric models by law as part of the TfL’s effort to reduce toxic pollution from Diesel engines.

The cash will pay for network reinforcements to enable British Gas owner Centrica and other energy companies to install 300 rapid electric-car charging stations by 2020.

The rapid charging point can top up a car’s battery within minutes, rather than the hours it takes for conventional chargers that are currently dotted around the capital.

An initial 75 rapid chargers are due to be operational by the end of this year. While some of the sites will be exclusively for black cabs, the network will also be open to increasing the number of owners of Nissan Leafs, electric BMWs and Teslas in London.

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TfL’s director of surface strategy and planning, Ben Plowden, said: “An extensive, rapid charging network is fundamental in helping drivers make the shift from fossil fuels to electric.”

The cost of installing the chargers will fall on the companies that won a TfL tender: Bluepoint London, Centrica, Chargemasters, Ireland’s Electricity Supply Board and Fastned from the Netherlands.

Pricing has not been announced but the main existing network in the capital, Source London, would cost a Nissan Leaf driver £10.80 to fully top up with a rapid charger, plus a monthly subscription fee of £4. TfL have said that the costs to drivers would be capped for the first two years.

The Licensed Taxi Drivers’ Association expects the first electric black cabs in the capital to be on the roads by this September.

If a taxi driver currently owns a taxi that is older than 10 years old, they will be able to claim a payment from TfL of up to £5,000 later this year, towards the cost of a new zero-emissions taxi, which are currently being built in Coventry.

CamTrak – Accident Camera

Thank you for reading the latest news from CamTrak. Are you in need of an accident camera? Here at CamTrak, we work with leading manufacturers to design and develop technologically advanced video telematics solutions, for more information on any of our products, contact us today.

New Car Registrations Fall in May – CamTrak – Accident Cameras

New Car Registrations Fall in May – CamTrak – Accident Cameras

The number of new cars that were sold in May fell 8.5% compared to May 2016, with buyers more cautious in the run-up to the general election, the Society of Motor Manufacturers and Traders (SMMT) has said.

According to the SMMT, there were 186,265 new cars registered in May. But sales of electrical or hybrid cars rebounded after a fall in sales in April. They now have a record 4.4% market share in the UK, the largest it has ever been.

So far in 2017, around 1.1 million new cars have been registered, around 0.6% less than the previous year.

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Chief Executive of SMMT, Mike Hawes said: “Although demand has fallen, it’s important to remember that the market remains at a very high level and with a rate of new models packed with the latest low-emission and connected technology coming to market this summer, we expect the market to remain strong over the year,”

Why the decline? – CamTrak – Accident Cameras

There are a couple of reasons why we have seen a considerable decline in the number of new cars registered in May, one of which we mentioned earlier – the run-up to the general election.

Another reason is that on 1 April the new Vehicle Exercise Duty (VED) came into force. Meaning that those considering purchasing a new car rushed to get it done before the 1st April. In March a record 562,337 new vehicles were registered as buyers rushed to beat the rise in VED.

“We expected demand in the new car market to remain negative in May due to the pull-forward to March,” Mr Hawes said.

“Added to this, the general election was always likely to give many pauses for thought and affect purchasing patterns in the short term.”

Over half of all vehicles sold in May were petrol driven, a slight increase on the previous year, whereas the sale of diesel cars had dropped by 20% from the previous year.

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Thank you for reading the latest news from CamTrak. We specialise in accident cameras, for more information on any of our products, please get in touch with us today.

Car Insurance Premiums Set To Soar – CamTrak – Accident Camera

Car Insurance Premiums Set To Soar – CamTrak – Accident Camera

The average car insurance premiums could go up as much as £75 a year because of a new government ruling, according to industry experts.

A brand new formula has been developed, that changes the way insurers calculate compensation for those who suffer long-term injuries. The Association of British Insurers are calling the decision ‘crazy’ but the Ministry of Justice insist they had no choice under the current law, but they would consult possible changes.

Shares in insurance companies fell massively, as the new change is likely to dig into their profits, potentially costing them millions of pounds.

The change is due to take place on the 20th March.

Understanding compensation – CamTrak – Accident Camera

Those who have suffered an accident will often receive compensation in a lump sum, which in serious cases is supposed to support them for the rest of their lives. But someone who is receiving that sum can actually increase it, by investing it, and getting a cash return.

So in order to be fair to insurance companies, the payout is reduced accordingly.

But the Ministry of Justice has announced that they will reduce the discount rate from 2.5% to minus 0.75%.That will result in a larger sum of money being paid out by the insurer.

The change was ordered as the formula assumes the victim would invest their money into government bonds, and by the time inflation is taken into account, real returns on these bonds have become negative.

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Here at CamTrak, we have a variety of different accident cameras.

Who does it affect the most?

The most affected will be young drivers, under the age of 22 and older drivers who are over the age of 65. These two age groups could see their insurance go up as much as £1000 a year.

CamTrak – Accident Camera

One way in which you might be able to save a few pennies on your insurance is by having a dash cam in your car. For more information on any of our accident cameras, get in touch with us today.

Men Pay More For Car Insurance Than Women – CamTrak – Accident Camera

Men Pay More For Car Insurance Than Women – CamTrak – Accident Camera

On average, male motorists pay £101 more a year for their car insurance than women, according to a comparison website.

Men paid an average annual premium of £812 for comprehensive car insurance during the last quarter of 2016 compared, whereas women paid £711 on average, according to the comparison site, Confused.com.

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CamTrak – Accident Camera

The research suggested that the gap had widened compared to this time last year.

Insurers are banned from considering gender when setting premiums but can consider wider risks.

Amanda Stretton, of Confused.com, said that insurers were becoming more astute in identifying particular accident risks, and would then price premiums accordingly.

She said that, on the whole, men drove more miles, in more advanced cars and were also more likely to drive to work than women – all of which would increase the chances of accidents occurring, which would then cause their insurance to go up.

Premium Rise – CamTrak – Accident Camera

European rules that were introduced at the end of 2012, means insurers cannot take the gender of their customers into consideration when they are setting their insurance premiums.

Other factors can be considered but, after the new rules were introduced, men paid £27 more on average on an annual premium, according to Confused.com

This then widened to £51 two years ago before going above £100 for the first time in the last quarter of 2016.

The typical comprehensive car insurance premium is £767, rising by 16% (£95) in a year, the report said.

accident camera

CamTrak – Accident Camera

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One way in which you can lower your car insurance is to install a dash cam into your car. Here at CamTrak we work with leading manufacturers to design and develop technologically advanced video telematics solutions. For more information on any of our products, get in touch with us and see how we can help you. 

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